Harding Silicon Enterprises, Inc produces less than 1 of the worlds supply of 32 MB random access memory (RAM) chips for electronic devices HSEs RAM chips perform according to globally accepted performance standards for this type of silicon chip (i e , its chips are just like every other producers chips) HSE has hired you to do undertake three tasks Perform a statistical analysis of its short run production costs to estimate its total variable cost function, average variable cost function, and marginal cost function HSE believes its total fixed costs will be $6,500 per month, so you do not need to estimate TFC Recommend production levels and forecast profits for two chip price scenarios The price of 32 MB RAM chips reaches $62 per chip, and The price of 32 MB RAM chips falls to $35 per chip Determine the price below which HSE should shut down operations in the short run HSE provides you with the following cost and output data for the past 19 months Over this time period, inflation has been so low that you do not need to adjust the cost data for the effects of inflation (the CPI rose only 0 4 over the 19 month time period) Monthly output of chips is given in the second column, which is titled Monthly production of finished product Costs are reported in seven categories (some are fixed costs and some are variable costs) HINT Remember, cost items are part of fixed costs if the costs do not vary with output, even though fixed cost items may vary over time Cost Items for Harding Silicon Enterprises, Inc Month Monthly production of finished product Business licenses fees Insurance premiums Building lease payment Materials expenses Telephone Energy expenses Wage expense Nov 98 875 0 0 3570 9690 945 7230 12250 Dec 98 670 0 0 3570 6700 945 5115 8995 Jan 99 1675 6000 2200 3570 16295 945 12884 23106 Feb 99 1155 0 0 3570 11285 945 9240 15225 Mar 99 1845 0 0 3570 16550 945 14220 24530 Apr 99 1650 0 0 3570 16230 945 12700 21600 May 99 1955 0 0 3570 19626 945 15640 27484 Jun 99 2845 0 0 3570 27410 945 22760 39830 Jul 99 2265 0 2200 3570 20526 945 17244 31225 Aug 99 3470 0 0 3570 34176 830 25760 48564 Sep 99 3665 0 0 3570 36726 830 28720 50094 Oct 99 3750 0 0 3570 42576 830 32000 54474 Nov 99 4595 0 0 3570 48226 830 37260 66414 Dec 99 4060 0 0 3570 41095 830 33155 57840 Jan 00 3575 7200 2450 4200 34550 830 27400 50050 Feb 00 4380 0 0 4200 41800 830 34460 61320 Mar 00 5575 0 0 4200 81750 830 54600 82150 Apr 00 7870 0 0 4200 92360 830 102960 130180 May 00 6750 0 0 4200 89576 830 70000 109774 a Compute total variable cost ( TVC ) by adding the appropriate columns of cost items Compute average variable cost ( AVC ) Remember that you are given an estimate of HSEs future total fixed costs ($6,500 per month) Print out the 19 months of data on output ( Q ) and total variable cost ( TVC ) and average variable cost ( AVC ) Plot a scatter diagram of TVC on the vertical axis and Q on the horizontal axis Does the scatter diagram suggest a functional form for TVC Explain briefly Plot a scatter diagram of AVC on the vertical axis and Q on the horizontal axis Does the scatter diagram suggest a functional form for AVC Explain briefly Estimate a quadratic AVC function Present the estimated equation and evaluate the regression results (i e , discuss the algebraic signs of the parameter estimates, the significance levels, and the R 2 ) Evaluate the results of your regression equation in part a Specifically discuss algebraic signs of parameters, statistical significance, and goodness of fit a How many chips should be produced (monthly) if world chip prices are $62 per chip Forecast the HSEs profit at this output level How many chips should be produced (monthly) if world chip prices are $35 per chip Forecast the profit at this output level At what price should Harding shut down and produce no chips in the short run XYZ Petrochemical is considering three production alternatives The management of the company has listed three choices as follows Expand production by 25 percent Maintain the production at current level Reduce the production by 10 percent For each of the above possible alternatives and the expected state of the economy, the management prepared the following outcome matrix Decision State of the Economy Boom Normal Recession Expand production by 25 AED 15 million AED 3 million AED 3 million Main current production level AED 9 million AED 6 million AED 1 5 million Reduce production by 10 AED 6 million AED 1 million AED 2 25 million The management of XYZ does not know exactly which state of the economy will accurately occur or the probabilities of occurrence Q1 Explain this situation in terms of risk and uncertainty with proper justification Q2 What decision rules are available to make suitable decisions for the above case Apply these rules and compare the resulting decision in each case Q3 Suppose the management was able to predict the likelihood of occurrence for the state of the economy as follows Boom 0 25 Normal 0 50 Recession 0 25 Use a proper tool to evaluate the risk that XYZ will face Assuming that the management is risk averse which alternative will be chosen Why Answer in all questions I want the regression out put please and the answers plz help me thank you

Question

Harding Silicon Enterprises, Inc  produces less than 1  of the worlds supply of 32 MB random access memory (RAM) chips for electronic devices HSEs RAM chips perform according to globally accepted performance standards for this type of silicon chip (i e , its chips are just like every other producers chips) HSE has hired you to do undertake three tasks  Perform a statistical analysis of its short run production costs to estimate its total variable cost function, average variable cost function, and marginal cost function HSE believes its total fixed costs will be $6,500 per month, so you do not need to estimate TFC   Recommend production levels and forecast profits for two chip price scenarios  The price of 32 MB RAM chips reaches $62 per chip, and The price of 32 MB RAM chips falls to $35 per chip  Determine the price below which HSE should shut down operations in the short run  HSE provides you with the following cost and output data for the past 19 months  Over this time period, inflation has been so low that you do not need to adjust the cost data for the effects of inflation (the CPI rose only 0 4  over the 19 month time period)  Monthly output of chips is given in the second column, which is titled Monthly production of finished product  Costs are reported in seven categories (some are fixed costs and some are variable costs)  HINT  Remember, cost items are part of fixed costs if the costs do not vary with output, even though fixed cost items may vary over time  Cost Items for Harding Silicon Enterprises, Inc  Month Monthly production of finished product Business licenses   fees Insurance premiums Building lease payment Materials expenses Telephone Energy expenses Wage expense Nov 98 875 0 0 3570 9690 945 7230 12250 Dec 98 670 0 0 3570 6700 945 5115 8995 Jan 99 1675 6000 2200 3570 16295 945 12884 23106 Feb 99 1155 0 0 3570 11285 945 9240 15225 Mar 99 1845 0 0 3570 16550 945 14220 24530 Apr 99 1650 0 0 3570 16230 945 12700 21600 May 99 1955 0 0 3570 19626 945 15640 27484 Jun 99 2845 0 0 3570 27410 945 22760 39830 Jul 99 2265 0 2200 3570 20526 945 17244 31225 Aug 99 3470 0 0 3570 34176 830 25760 48564 Sep 99 3665 0 0 3570 36726 830 28720 50094 Oct 99 3750 0 0 3570 42576 830 32000 54474 Nov 99 4595 0 0 3570 48226 830 37260 66414 Dec 99 4060 0 0 3570 41095 830 33155 57840 Jan 00 3575 7200 2450 4200 34550 830 27400 50050 Feb 00 4380 0 0 4200 41800 830 34460 61320 Mar 00 5575 0 0 4200 81750 830 54600 82150 Apr 00 7870 0 0 4200 92360 830 102960 130180 May 00 6750 0 0 4200 89576 830 70000 109774 a  Compute total variable cost ( TVC ) by adding the appropriate columns of cost items Compute average variable cost ( AVC )  Remember that you are given an estimate of HSEs future total fixed costs ($6,500 per month)  Print out the 19 months of data on output ( Q ) and total variable cost ( TVC ) and average variable cost ( AVC )  Plot a scatter diagram of TVC on the vertical axis and Q on the horizontal axis Does the scatter diagram suggest a functional form for TVC  Explain briefly  Plot a scatter diagram of AVC on the vertical axis and Q on the horizontal axis Does the scatter diagram suggest a functional form for AVC  Explain briefly  Estimate a quadratic AVC function Present the estimated equation and evaluate the regression results (i e , discuss the algebraic signs of the parameter estimates, the significance levels, and the R 2 )  Evaluate the results of your regression equation in part a  Specifically discuss algebraic signs of parameters, statistical significance, and goodness of fit  a  How many chips should be produced (monthly) if world chip prices are $62 per chip Forecast the HSEs profit at this output level  How many chips should be produced (monthly) if world chip prices are $35 per chip Forecast the profit at this output level  At what price should Harding shut down and produce no chips in the short run  XYZ Petrochemical is considering three production alternatives  The management of the company has listed three choices as follows  Expand production by 25 percent  Maintain the production at current level  Reduce the production by 10 percent  For each of the above possible alternatives and the expected state of the economy, the management prepared the following outcome matrix  Decision State of the Economy Boom Normal Recession Expand production by 25  AED 15 million AED 3 million   AED 3 million Main current production level AED 9 million AED 6 million AED 1 5 million Reduce production by 10  AED 6 million AED 1 million AED 2 25 million The management of XYZ does not know exactly which state of the economy will accurately occur or the probabilities of occurrence  Q1  Explain this situation in terms of risk and uncertainty with proper justification  Q2  What decision rules are available to make suitable decisions for the above case  Apply these rules and compare the resulting decision in each case  Q3  Suppose the management was able to predict the likelihood of occurrence for the state of the economy as follows  Boom  0 25 Normal  0 50 Recession  0 25 Use a proper tool to evaluate the risk that XYZ will face  Assuming that the management is risk averse which alternative will be chosen  Why   Answer in all questions I want the regression out put please and the answers plz help me thank you

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Harding Silicon Enterprises, Inc. produces less than 1% of the worlds supply of 32 MB random access memory (RAM) chips for electronic devices.HSEs RAM chips

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